What was the total value of accounts payable for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
subject to the achievement of specific operational targets by the repurchased stores, subsequent to the acquisition. If achieved, $600 of the earnout liability will be paid in 2025 and $400 will be paid in 2026. The contingent earnout liabilities are recorded with the notes payablestore repurchase on the consolidated balance sheets.
During 2023, Batteries Plus acquired the operating assets of four franchised stores using available cash on-hand. Batteries Plus now op
Source: Item 21 — Financial Statements (FDD pages 79–80)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the information to calculate the total value of accounts payable for Batteries Plus Bulbs in 2023 is not explicitly provided. However, the document does mention '$146 to current liabilities' related to store acquisitions in 2023. This figure represents a reduction in liabilities assumed during the acquisition of four franchised stores. This is not the same as accounts payable.
To determine the total accounts payable, a prospective franchisee should review the complete financial statements for Batteries Plus Bulbs, specifically the consolidated balance sheets for the years ending December 31, 2023, and December 31, 2022, which are included as Exhibit A. These statements would provide a comprehensive view of the company's liabilities, including accounts payable, for those years.
It is important to note that accounts payable represent short-term obligations a company owes to its suppliers and vendors. Understanding the level of accounts payable can give a franchisee insight into the company's short-term financial health and its ability to manage its obligations. Therefore, it is crucial to obtain and carefully analyze these financial statements to assess the financial stability of Batteries Plus Bulbs.